MASSACHUSETTS CREDIT UNION SHARE INSURANCE CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED) FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022
2022
2023
(9,054,028)
(18,449,499)
Net Decrease in Cash and Cash Equivalents
14,416,691
32,866,190
Cash and Cash Equivalents - Beginning of the Year
$ 14,416,691
$ 5,362,663
Cash and Cash Equivalents - End of the Year
Supplemental Cash Flow Disclosures Change in unrealized gains and losses on securities available-for-sale $ 1,577,461 $ (5,141,182) Cash paid for interest $ 923,926 $ 876,670 Non-cash adjustments to beginning net assets and liabilities for consolidation of MSIC Partners, LLC -- $ 88,967 $
The accompanying notes are an integral part of these consolidated financial statements. 8
80 INTERNATIONAL COLLABORATION
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